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the impact of subsidies by a donor. …
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performance of our mechanism. Finally, we discuss how the mechanism can be applied to award R&D subsidies. …
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A budget-constrained buyer wants to purchase items from a short-listed set. Items are differentiated by observable quality and sellers have private reserve prices for their items. The buyer's problem is to select a subset of maximal quality. Money does not enter the buyer's objective function,...
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the impact of subsidies by a donor. …
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